Following a 12.3 percent decline to CNY 1,775 ($286.41) per kilogram, dysprosium oxide finished as the week’s biggest mover on the weekly Rare Earths MMI®. Europium oxide finished the week at CNY 4,850 ($782.57) per kilogram after falling 7.6 percent. The price of praseodymium neodymium oxide decreased to CNY 287,500 ($46,390) per metric ton, a 6.5 percent decline from the previous week.
Cerium oxide dropped 6.4 percent over the past week to CNY 36,500 ($5,889) per metric ton. Lanthanum oxide traded sideways last week, hovering around CNY 34,000 ($5,486) per metric ton. At CNY 34,000 ($5,486) per metric ton, the week finished with no movement for lanthanum oxide. At CNY 425,000 ($68,407) per metric ton, the price of neodymium did not change since the previous week.
Praseodymium oxide remained essentially flat from the previous week at CNY 367,500 ($59,298) per metric ton. Rare earth carbonate prices held steady from the previous week at CNY 27,500 ($4,437) per metric ton. Closing at CNY 47,500 ($7,664) per metric ton, samarium oxide remained unchanged for the week. Following a steady week, prices for terbium metal closed flat at CNY 7,850 ($1,267) per kilogram.
Prices for terbium oxide remained constant, closing the week at CNY 3,900 ($629.29) per kilogram. Yttria remained essentially flat from the previous week at CNY 87,500 ($14,119) per metric ton. Yttrium prices held steady from the previous week at CNY 400.00 ($64.54) per kilogram.
The Rare Earths MMI® collects and weights 14 global rare earth metal price points to provide a unique view into rare earth metal price trends. For more information on the Rare Earths MMI®, how it’s calculated or how your company can use the index, please drop us a note at: info (at) agmetalminer (dot) com.